Peel Hunt Boosts Ferguson (FERG) Price Target to GBX 5,980

Ferguson (LON:FERG) had its price target hoisted by Peel Hunt from GBX 5,300 ($69.25) to GBX 5,980 ($78.14) in a research report released on Tuesday. Peel Hunt currently has a hold rating on the stock.

Several other research analysts also recently commented on the company. Numis Securities downgraded Ferguson to a hold rating in a report on Wednesday, October 3rd. Barclays restated an overweight rating and set a GBX 6,700 ($87.55) price objective on shares of Ferguson in a report on Monday, November 19th. Canaccord Genuity restated a hold rating and set a GBX 6,300 ($82.32) price objective on shares of Ferguson in a report on Monday, September 3rd. Deutsche Bank raised their price objective on Ferguson from GBX 5,300 ($69.25) to GBX 6,537 ($85.42) and gave the stock a hold rating in a report on Monday, September 3rd. Finally, UBS Group restated a neutral rating on shares of Ferguson in a report on Thursday, October 4th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 6,407.46 ($83.72).

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FERG opened at GBX 4,825.50 ($63.05) on Tuesday. Ferguson has a 52 week low of GBX 4,427 ($57.85) and a 52 week high of GBX 5,722 ($74.77).

The business also recently declared a dividend, which was paid on Wednesday, December 5th. Stockholders of record on Thursday, October 25th were issued a $1.32 dividend. The ex-dividend date was Thursday, October 25th. This represents a dividend yield of 1.67%.

In other news, insider Kevin Murphy sold 2,488 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of GBX 5,170 ($67.56), for a total value of £128,629.60 ($168,077.36). Also, insider John W. Martin acquired 10,000 shares of the stock in a transaction dated Wednesday, December 5th. The stock was acquired at an average cost of GBX 4,917 ($64.25) per share, with a total value of £491,700 ($642,493.14).

About Ferguson

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.